but it is not going anywhere. there is not any chance it is going to pass the senate. it seems like a distraction. it reveals these splits within the republican caucus between the hard right tea party republicans in the house who would rather not raise the debt ceiling, and the more moderate republicans, who are trying to work out a deal. >> work it to pass, wouldn't it mean that during the election they would be duking it out? >> that is the other thing the president has been trying to avoid. he has said he does not want to kick the can down the road. he wants something that will go through 2012. the last budget fight, there were these stopgaps that kept getting passed. the president has said explicitly that this time he want something that in his words solves the problem. >> some good news, unless it is all talk. it sounds as if both sides are willing to say we are not going to default on our debt. we will do something.